Paller Financial Services Inc Takes Position in Exxon Mobil Corporation $XOM

Paller Financial Services Inc purchased a new position in shares of Exxon Mobil Corporation (NYSE:XOM) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 8,458 shares of the oil and gas company’s stock, valued at approximately $1,018,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Foster & Motley Inc. raised its holdings in Exxon Mobil by 1.5% in the fourth quarter. Foster & Motley Inc. now owns 42,658 shares of the oil and gas company’s stock valued at $5,133,000 after acquiring an additional 612 shares in the last quarter. Birch Financial Group LLC boosted its stake in Exxon Mobil by 70.1% during the 4th quarter. Birch Financial Group LLC now owns 7,198 shares of the oil and gas company’s stock valued at $866,000 after acquiring an additional 2,966 shares during the last quarter. Parkwoods Wealth Partners LLC grew its holdings in Exxon Mobil by 10.1% during the 4th quarter. Parkwoods Wealth Partners LLC now owns 3,301 shares of the oil and gas company’s stock worth $397,000 after acquiring an additional 304 shares in the last quarter. Lord & Richards Wealth Management LLC increased its position in shares of Exxon Mobil by 14.9% in the 4th quarter. Lord & Richards Wealth Management LLC now owns 4,980 shares of the oil and gas company’s stock worth $599,000 after purchasing an additional 644 shares during the last quarter. Finally, Royal Fund Management LLC increased its position in shares of Exxon Mobil by 3.5% in the 4th quarter. Royal Fund Management LLC now owns 3,538 shares of the oil and gas company’s stock worth $426,000 after purchasing an additional 118 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on XOM shares. Scotiabank raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Friday, March 27th. Morgan Stanley boosted their price objective on Exxon Mobil from $134.00 to $172.00 and gave the company an “overweight” rating in a report on Friday, March 27th. UBS Group restated a “buy” rating and set a $171.00 price objective on shares of Exxon Mobil in a research note on Monday, February 2nd. Wells Fargo & Company reduced their target price on Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating on the stock in a report on Monday, February 2nd. Finally, Bank of America lifted their target price on Exxon Mobil from $135.00 to $151.00 and gave the stock a “neutral” rating in a research report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Exxon Mobil presently has an average rating of “Hold” and an average price target of $151.00.

Key Exxon Mobil News

Here are the key news stories impacting Exxon Mobil this week:

• Positive Sentiment: Golden Pass LNG (Exxon/QatarEnergy JV) reached first production at its Texas export project — a near?term revenue and cash?flow catalyst as exports ramp toward full capacity. ExxonMobil-QatarEnergy JV Starts LNG Output at Texas Facility
• Positive Sentiment: Analysts and company commentary point to strong operational momentum: Exxon has a history of earnings beats and is targeting meaningful upstream production growth that should support margins if oil stabilizes higher. Can Exxon (XOM) Keep the Earnings Surprise Streak Alive?
• Positive Sentiment: Union workers ratified a new four?year contract at Exxon’s Baton Rouge refining/chemical complex, removing a potential operational risk and supporting refining throughput stability. Union workers ratify contract at Exxon Louisiana complex, sources say
• Neutral Sentiment: Recent analyst upgrades and a wide range of price targets show mixed near?term views — some bullish long?term targets but a median target that is near recent prices, leaving room for volatility. Exxon Mobil slides as crude prices retreat on renewed Iran ceasefire optimism
• Negative Sentiment: Market optimism about a de?escalation in the U.S.–Iran standoff reduced the “Hormuz” risk premium; oil dropped, triggering sector?wide selling and pushing Exxon shares lower. Hormuz Rally Day Two: Heard on the Street Recap
• Negative Sentiment: Newsflow that Iran’s leadership took specific steps (reported today) amplified the move lower in U.S. oil stocks as traders priced a lower chance of sustained supply disruptions. Exxon Mobil and Chevron Fall 5%: What Iran’s President Just Did to U.S. Oil Stocks
• Negative Sentiment: High intraday volume and profit?taking after a volatile rally amplified downside; several market writeups note crude pulled back ~4–5% on ceasefire optimism, which directly pressures integrated oil earnings expectations. What’s Going On With Exxon Mobil Shares On Wednesday?

Exxon Mobil Trading Down 5.2%

Exxon Mobil stock opened at $160.89 on Thursday. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $176.41. The firm’s 50-day moving average is $151.47 and its 200-day moving average is $129.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15. The company has a market cap of $670.40 billion, a P/E ratio of 24.05, a PEG ratio of 1.17 and a beta of 0.29.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The business had revenue of $80.04 billion during the quarter, compared to the consensus estimate of $77.98 billion. During the same quarter in the prior year, the firm earned $1.67 EPS. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. On average, equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th were issued a dividend of $1.03 per share. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. Exxon Mobil’s dividend payout ratio is 61.58%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 1,080 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $155.50, for a total transaction of $167,940.00. Following the sale, the vice president directly owned 17,124 shares in the company, valued at approximately $2,662,782. This represents a 5.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders sold 11,460 shares of company stock worth $1,687,854. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Company Profile

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.